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Labour would force all large firms to give workers shares worth up to £500 a year each, John McDonnell has said.

In his main party conference speech, the shadow chancellor set out plans for "inclusive ownership funds".

He also announced that the water industry in England would be the first to be re-nationalised under Labour.

Existing bosses would be fired and control handed to workers, local councils and customers, with new executives hired on reduced salaries.

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BBC News

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